Islamabad High Court vindicates PC in HEC Transaction

The Islamabad High Court (IHC) on Wednesday, March 09, 2016, has dismissed the application of M/s Cargill Holding limited (CHL) and has vindicated Privatisation Commission’s decisions in the HEC transaction.

The IHC decision is a reflection of how the Privatisation Commission has always remained committed to ensure the highest standards of integrity and transparency in conducting all its transactions.

It also puts a closure to all of the factually incorrect dissemination of facts on the transaction process of Heavy Electrical Complex (HEC) which has been presented by selective media representatives over the past many months.